ANALOGY OF CRISIS IN SOME EUROZONE COUNTRIES WITH THE CRISIS IN BOSNIA AND HERZEGOVINA AND CROATIA

Dario Grgic () and Gordana Kordic ()
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Dario Grgic: HT – Eronet, Tuzla, Bosnia and Herzegovina
Gordana Kordic: Faculty of Economics and Business Zagreb

Economic Thought and Practice, 2011, vol. 20, issue 1, 203-224

Abstract: The financial crisis that started in the United States of America reflected with different intensity on the eurozone countries, depending on the numerous macroeconomic, historical and structural country specific factors. In that light, the significant part of the paper is focused on some eurozone countries with lower level of development. At the same time, they were less prepared for recession defence. The aim of the paper is to analyse and compare the similarities between Bosnia and Herzegovina and Croatia with chosen eurozone countries. Special attention is given to the parameters of competitiveness, monetary system, public sector and foreign debt with guidelines for future development.

Keywords: financial crisis; eurozone; Bosnia and Herzegovina; Croatia (search for similar items in EconPapers)
JEL-codes: G01 (search for similar items in EconPapers)
Date: 2011
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